Category: General Services
Sri Lanka Unveils South Asia’s First Solar Bakery Oven in Landmark Clean Energy Milestone
Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions. The event, held on 22 May at Cinnamon Lakeside Colombo, was hosted by Incitare Sri Lanka and the Global Rethinking Finance Collaborative (GRFC), […]
EDB Launches Awareness Programme for Exporters in the Light Engineering Sector
With the aim of strengthening the export competitiveness of Sri Lanka’s light engineering industry, the Industrial Products Division of the Export Development Board (EDB) inaugurated a special Awareness Programme for Exporters and Potential Exporters in the Light Engineering Sector at the EDB headquarters in Colombo. The inauguration programme was held at the EDB on 19 […]
Ceylon Chamber to Host Mineral Sands Technical Conference with Mineral Technologies Australia
As Sri Lanka looks to better position its mineral sands resources within a globally competitive and responsibly developed industrial framework, The Ceylon Chamber of Commerce will host a one-day Technical Conference on the mineral sands sector on 17 June at the Galle Face Hotel, Colombo from 9.00 a.m. to 5.00 p.m. As global demand for […]
HIP Receives First LPG Vessel of 2026, Discharges 7,000 MT Consigned to Laugfs Gas
Hambantota International Port (HIP) welcomed its first liquefied petroleum gas (LPG) shipment of 2026 with the arrival of the vessel ANDOVER on April 4. The tanker, arriving from Argentina, discharged approximately 7,000 metric tonnes of LPG consigned to Laugfs Gas. The consignment is sufficient to supply an estimated 570,000 domestic households, reinforcing HIP’s role in […]
IMF warns Middle East shock could hit Sri Lanka growth, backs targeted relief as tariffs rise
The International Monetary Fund has warned that escalating geopolitical tensions in the Middle East pose a significant risk to Sri Lanka’s economic recovery, even as authorities move ahead with price reforms and fiscal adjustments. The IMF said the evolving crisis could impact key external sectors including exports, remittances, tourism and connectivity, describing it as one […]
AI-Related Risks Rising for Software, Media, and Services Corporates: Fitch Ratings
Elevated AI-driven credit risks are concentrated in three technology, media and telecommunications (TMT) sectors, with software, media and services facing rising disruption risk while overinvestment risk remains largely confined to hyperscalers and select cloud providers, according to a new Fitch Ratings report. Asset-light businesses where value is driven by intangibles such as software, IP, brands […]
CFA Society Sri Lanka and Frontier Research Announce “Economics in Practice” Learning Programme
CFA Society Sri Lanka, in collaboration with Frontier Research Pvt Ltd, has announced a half-day executive learning programme titled “Economics in Practice.” The programme will be held on Thursday, 12 March 2026, from 8:30 a.m. to 12:30 p.m. at the Courtyard by Marriott Colombo City Centre. The programme aims to help professionals understand economic developments […]
EDB “Trade Facilitation Task Force” Convenes to Enhance Export Efficiency
As a strategic step towards developing a mechanism to address challenges in the export value chain, the Export Development Board (EDB) has established a Trade Facilitation Task Force, which held its second networking session today (October 14) at the Export Development Board. The event was attended by Mr. Mangala Wijesinghe, Chairman and Chief Executive Officer […]
CA Sri Lanka & CFA Society Sri Lanka to Host Expert Panel on Bridging Market–Financial Reporting Gap
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in collaboration with CFA Society Sri Lanka, will host an expert session titled “Unpacking Intangibles: Bridging the Gap Between Market Value and Financial Reporting” on 9th September 2025. In today’s knowledge-driven economy, intangible assets such as intellectual property, brand reputation, and data are the […]
BOI seals landmark USD 171 Mn investment with CEAT OHT Lanka
Agreement formalises one of the largest Indian investments in Sri Lanka’s manufacturing sector Investment will expand Off-Highway Tyre (OHT) and Tracks manufacturing capacity in Sri Lanka Facilities at Midigama and Kotugoda to focus on export-led production of tyres and tracks for compact construction equipment Job security assured for 1483 employees through Tripartite MoU Investment strengthens […]
Ambeon Strengthens Portfolio Through Strategic Hospitality Investments
Strengthens growth strategy through equity stakes in Iconic Sri Lankan hotel companies – The Kandy Hotels Company PLC and The Ceylon Hotels Corporation PLC Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, today announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in […]
Stallion Consultancy Takes Over ACAP Stockbrokers in Strategic Market Play
Stallion Consultancy (Private) Limited has swooped in to acquire ACAP Stockbrokers (Private) Limited from Asia Capital PLC, marking a strategic power play that promises to reshape Sri Lanka’s stock brokerage landscape through a complete rebrand and fresh market positioning. The acquisition brings heavyweight leadership credentials to the table, with Stefan Abeyesinhe stepping in as Chairman, […]